China Vanke, the nation’s third-largest developer, is among stocks favoured by traders. Photo: Getty Images China Vanke, the nation’s third-largest developer, is among stocks favoured by traders. Photo: Getty Images
China Vanke, the nation’s third-largest developer, is among stocks favoured by traders. Photo: Getty Images

Chinese property stocks regain favour as traders seek insurance from overvalued green-energy bets and tech fallout

  • China Vanke, Poly Development led a rally in Shenzhen and Hong Kong as analysts cautioned about expensive valuation in new-energy stocks
  • A gauge of 33 Chinese developers traded at an average price-earning of 4.4 times at end-July, the cheapest in 16 months

Topic |   China property
China Vanke, the nation’s third-largest developer, is among stocks favoured by traders. Photo: Getty Images China Vanke, the nation’s third-largest developer, is among stocks favoured by traders. Photo: Getty Images
China Vanke, the nation’s third-largest developer, is among stocks favoured by traders. Photo: Getty Images
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